I have been doing DIY investing for several years now. I am getting sick of the emotion tied to market cycles, and my portfolio is getting large enough to where I could use a professional manager ($650K). I am no genius, and have done what I would call "okay" with my investments (I am around 5.9% average annual return), but definitely not "great" (10%+ annual average). Part of my problem is I have difficulty calculating my exact performance, and dividends make the calculations more complex. I am a little overwhelmed by the number of stocks/ETFs in my portfolio, and I really want to maximize the performance of it. My portfolio is probably ~4% cash, 6% bonds, 7% marijuana/high risk stocks, 33% growth mutual funds, 18% index ETFs, the rest in various (mostly blue chip) dividend stocks.
I can either A) sell everything, and go to pure index ETF to match the s and p 500 average market return B) get an investment manager to try and outperform index+his annual fee c) do nothing, adjust future investment contributions.
Thoughts?
I can either A) sell everything, and go to pure index ETF to match the s and p 500 average market return B) get an investment manager to try and outperform index+his annual fee c) do nothing, adjust future investment contributions.
Thoughts?